The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-07-24
GERMANY STILL ON TOP.
RUSSIA AND FRANCE BOTH HELD
AT BAY.

The Teutonic Press Temporarily
Ceases Its Attacks on Russian Sc
curities-The Czar Alarmed by the
Fall in Prices Frances New Mobili-
cation Scheme Not Considered Dan
gerouS.
tCopWight 1887 by The NetC York associated
Press.
BERLIN, July 23 The campaign against
Russian securities has abated, but the belief
on the Bourse is that the cessation of the
newspaper attacks is merely remistic
Tho renewal of the raid depends partly on
the alteration of Russia's economic policy
and partly on the power Of small German
capitalists having Russian Investments to
stand further strain. The war has al
ready taught Russia that Germany
has effective means of retaliation
for hostile tariffs and commercial restric-
tions imposed upon German trade and
traders The Russian ambassadors return
to Berlin on Wednesday was unexpected at
the embassy and was due solely to the alarm
felt at st. Peters burg over the depreciation
of Russian securities and the stoppago of
Russian credit at all the European financial
centerS.
MPORTUNING THE BANKERS.
Count Schouvaloff conferred with the
chiefs of the firms of MendelSsohn & Bleich-
roders and with other eminent bankers, and
tried to influence them by assurances of
Russia's desire to cultivate more friendly
economic relations with Germany The am
bassador, however, made no official repre-
sentation on the subject to the German
Foreign Office His statements
were communicated to Prince Bis
marck through tho Beichroders
and as tho bankers recomme nded a cessa
tion Of the attacks if only on account of
German investors. Russians have been al
lowed period of rest 1t is impossible to
calculate with exactitude the loss to holders
of Russian securities since the official inspi-
ration set the raid going. The estimates
range between 150, 900, 900 marks to 250O O0O,-
600 marks as the amount of the Russian
curities sold by scared investors who were
willing to get rid of them at any sacrifice.
Bona tide sales thrown on the Bourse had
nothing TO do with the speculation.
THE EFFECT.
The question now asked is what has be-
come of the stock, does it remain in Ger
many or has the object of the crusade-to
get back German capital invested in Rus
sian securities-been achievedl The best
informed members of the Bourse and the
bankers say the bulk remains in Germany
and that the Russian treasures attempt to
check the fall by extensive rebuying swept
back into Russia not more than e-tenth of
the amount unloaded here, that foreign orders
abSofbed probably another tenth, and that
large capitalists of Berlin and Frankfort
bought the rest. These financiers are conf
dent that the situation will improve and
that the inspired press will now wake up to
the fact that the war has cost both sides
dear, and that the way to free Germany from
Russian bonds is not by frightening investors
to throw the bonds blindly on the market
but the slower process of a gradual disposal
Of them in other markets.
THE ANTI-FRENCH FEELING
The tension of popular feeling
against France is less extreme The
country could not have existed long with
out some decisive form of action to relieve
the present strains and the withdrawal of
Gen. Boulanger from the front and the war
policy at the close of the French Assembly
as well as the contomplex pressed in mill
tary circles for his mobili zation experiment
have combined to soothe the public irrita-
ton. Gen. Ferron's plan of mobilization is
believed not TO involve the same
menace as Gen. Boulanger's. A prom
lnent military authority writing to the
Neltsten Ndchricfen of Munich, declares
that if the mobilization of the French army
is confined to the Southern or Western de
partments it will be simply a costly farce.
Ii carried out on the second line of the
French defense it will make S4lecessary the
greatest vigilance on the part of the Ger
man authorities, but if carried out near the
frontier it must be taken as q declaration of
war.
GERMANY IN READINESS.
The Kreuz Zeitung takes the same view
of the matter and finds comfort in the fact
that if France attempts n surprise Germany
will be found in perfect readiness Advices
from Metz and other frontier garrisons re-
port renewed activity in military move
ments. The troops at COlmar and
Mulhausen began on Thursday a series of
manoeuvres along the frontier between
Mulhausen and Markuch to last seven days
Extensive frontier barracks are being con
structed
The balloon department reports that a
successful trial has been made Of hurling
masses of explosives on fort works
Emperor William seems to be absorbing
new vitality at Gastein. His physicians
say his condition has greatly improved since
Countess Grunne, and instead Of going
in n carriage he went afoot from
Badeschoss. He stayed two hours at the
Countess residence and walked back erect
and alert, saluting everybody he met on the
road. He is still, however, sub ject to fits of
somnolency, which come upon him even in
the middle of work or while conversing.
KRUPP's FUNERAL.
The funeral of the late Alfred Krupp was
very imposing. The Prince Of Reuss repre-
sented the Emperor at the ceremony. The
orders Of the deceased were displayed on
the bier, which was covered with velvet |
cushions Fifteen thousand workmen ac-
companied the cortege.